Thomas Udesen, CPO Bayer and TfS Steering Committee member, said: Calculating Scope 3 emissions is particularly challenging in the chemical industry, due to the complexity of chemical production. The new Guideline will be invaluable downstream to the customer-facing point of the chemicals sector; it means producers of goods containing chemicals and ultimately end-users can make better and more sustainable choices. Simply put, the greenhouse gas emissions generated by a company during its operations span three categories: Direct emissions generated by assets owned or operated by the company (scope 1) Indirect emissions are generated from the purchase of energy; e.g. The PCF Guideline offers clear instructions on calculating Greenhouse Gas (GHG) emissions for specific chemicals production, e.g. Tesco, Emma Watson Matteo has joined Lloyds Banking Group from Vodafone UK, where he supported the business in setting the roadmap to deliver the 2025 sustainability targets, whilst reducing the company energy cost base. Tackling upstream scope 3 carbon emissions poses problems of calculation and influence. His role is to lead the firms partnership in the delivery of its strategic vision, to be the UKs leading law firm, famous for its client experience. Scope 3 considers indirect emissions not owned by the reporting company but that affect the value chain. He works with financial institutions, industry associations, and other stakeholders to help them set Science-Based Targets for GHG emissions reduction. These emissions physically occur at the facility where electricity, steam, and cooling or heating are generated. Reaching net-zero: Carbon offsetting Biological or Technological? Each expanded functionality category is explained in more detail later in this topic. A sector scoping paper in December 2020 recommended improving the resources available to Chemical businesses, including addressing the sectors high degree of fossil fuel feedstock use, heterogeneity, and prevalence of the intermediate product trade. Descriptive information . Failure to report on Scope 3 will create an inaccurate picture of your companys emissions profile and susceptibility to climate change risks. Many fashion retailers rely heavily on third-party suppliers for materials, fabrics, and chemicals. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. For example, BASF and Mitsui But the clothes will be produced by a third-party textile factory in Italy, for example. The Scope 3 Standard provides a methodology that can be used to account for and report emissions from companies of all sectors, globally. We believe in the power of ingenuity to build a positive human future in a technology-driven world. This presents two significant challenges for the food and beverage industry: measurement and emissions reductions. Scope 3 Emissions: Two Challenges Facing the Food and Beverage Industry Isobel Filipova is the Design Engineer Sustainable Product Development at Owen Mumford, bringing expansive knowledge on corporate social responsibility and implementing sustainable practices for businesses. Scope 3. Scope 3 emissions, also referred to as value chain emissions, often represent the majority of an organization's total GHG emissions. As discussed above, Scope 3 emissions are indirect emissions, But chemical supply chains are exceptionally complex and obtaining accurate PCF data for scope 3.1 reporting has been near impossible. Measuring Scope 3 emissions made possible - covestro.com Areas covered. The chemical industry has a "trifecta" opportunity to lower their scope 1 and scope 2 emissions and downstream end-market scope 3 emissions. Reducing emissions by simply shifting who owns what does not have a real-world impact: it does not genuinely show the full impact of the products youre helping to create. The new guidelines for Product Carbon Footprint (PCF) and Corporate Scope 3 emission reporting - which were hailed as a 'first-of-its-kind' by TfS - provide specific calculation instructions. These emissions are usually split into the following categories: In most reporting frameworks, it is not mandatory to report Scope 3 emissions. These indirect emissions often represent the largest portion of your corporate footprint; in some cases, they account for as much as 90% of an organization's total emissions. Other KPIs that address emissions through targeting areas of material impact for the relevant industry or company (e.g., waste reduction) Absolute targets provide the greatest transparency and commitment to directly reduce emissions and therefore are often the most challenging to set. Consumer products containing chemicals can save energy use and help reduce carbon emissions, such as insulation, low temperature detergents, electric cars or components in wind turbines and solar panels. Since 2009, ADI Analytics has completed ~500 projects for ~200 clients. Set expectations for scope 3 target setting by chemical companies. A Guide to Reporting and Reducing Scope 3 Emissions - Envizi Scope 1 covers direct emissions from owned or controlled sources. PA Consulting, Emma Darroch Scope 3 Emissions Reporting: Solving The Transparency Issue Using 2021 data, we calculated the proportion of Scope 3 emissions to total emissions for the top 6 global mining companies. It is a first-of-its-kind resource for the industry, drawing on commonly used international standards and guidelines such as ISO, the GHG Protocol and the Pathfinder Framework (PACT powered by WBCSD) while offering the specificity needed for the chemical industry.. PA Consulting, Dr Warren Bowden The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. However, this will look different for every business in the sector. Our 2022 Scope 3 Webinar Series follows on from three webinars the UN Global Compact Network UK hosted in 2020: Webinar: CATEGORY 1: PURCHASED GOODS AND SERVICES Guest Speaker: Dorothe DHerde, Head of Sustainable Business at Vodafone. Chemical supply chains for a better world. Landsec, Karl Desai Registers a unique ID that is used to generate statistical data on how the visitor uses the website. A large portion of carbon in feedstocks that are used land in end-products but the sector itself contributes less than 16% of the total industrial emissions. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); 2022 Avieco. Included in this are indirect emissions, particularly those from acquired raw materials . Why should an organisation measure its Scope 3 emissions? To help companies quantify and reduce their greenhouse gas Matteo is aSenior SustainabilityManager with an Engineering background, an MSc in Renewable Energy and Energy and Sustainability Management experience in some of the largest British energy consumers. Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company. According to GHG protocol, scope 3 emissions are separated into 15 categories. Scope 1 and 2 emissions together account for 36%. Owen Mumford is a major medical device manufacturer that develops pioneering medical devices for its own Owen Mumford brand and custom device solutions for the worlds major pharmaceutical and diagnostic companies. Emma is based in London. Where the mining industry stands. The decarbonisation of industry has come under increased scrutiny in recent months and is a crucial part of The Governments Clean Growth Strategy for meeting the UKs legally binding Carbon Budgets. ChemicalsScope 3 emissions are all non-energy-related GHG emissions and aerosols that fall under the Montreal Protocol (UNEP MP, 2021 ). "ADI Analytics work was so good it sparked a discussion with our cost estimators we eventually adjusted our numbers." Upstream leased assets Downstream Scope 3 emissions 9. Additional Scope 3 emissions information is available in our response to Question 6.5 of our 2021 CDP Investor Survey response. Prior to this, Matteo worked five years for Sainsburys, developing and delivering the energy management strategy of the retail and office estate and playing a key role in the achievement of the 2020 carbon reduction targets. Reducing CO2 emissions in the chemicals industry - Engineer Live Initial Scope 3 Screening Identification of relevant scope 3 categories. Scope 2 accounts for purchased power, such as electricity and heating. Previously, Emma worked at Carbon Intelligence where she led delivery of strategic services. Scope 1 emissions are direct emissions from a company's operations. positively engage with employees to reduce emissions from business travel and employee commuting. Four additional chapters including reporting principles and guidance on Scope 3.1 calculation on corporate level will be published in November 2022. By creating a chemical industry-specific guideline, TfS is empowering suppliers and corporations to easily produce quality carbon footprint data for the first time. We explain what these "Scope 3" emissions are, why they are so important and what actions investors can take as they seek to manage resulting risks. Innovation in chemical production is crucial for the industry to satisfy demanding and environmentally conscious consumers. These so-called scope 3 emissions make a considerable contribution to the climate footprints of compa. A key priority was the mobilisation of private sector investment into developing countries, with a focus on impact, climate, and achievement of the Sustainable Development Goals. Adding 18 billion of value to the UK economy, the Chemical industry is fundamental to modern society, underpinning global manufacturing supply chains, providing materials and products into a range of sectors from aerospace to pharmaceuticals, construction to consumer goods. Reducing Scope 3 emissions - Ricardo plc The Power of Collaboration: How Chemical Companies Are Tackling Scope 3 However, a new Supplier Carbon Footprint (SCF) tool, produced by ICIS, chemical data specialists, in partnership with Carbon Minds, environmental impact . Scope 3 emissions are the emissions of the remainder of the supply chain (minus electricity, i.e., Scope 2), of both upstream and downstream activities (Figure 1). 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